Age of householder
Per the latest American Community Survey by the Census Bureau, Chilmark town sees its highest median household income among householders in the age group of 45 to 64 years old, at $137,479. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Chilmark town, where there exist only two delineated age groups, the median household income is $137,479 for householders within the 45 to 64 years age group, compared to $94,288 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $56,981(70.79%), escalating from a median of $80,498 in 2011 to $137,479 in 2021.
- 0 households where the householder is under 25 years old.
- 42(8.09%) households with a householder aged between 25 and 44 years.
- 157(30.25%) households with a householder aged between 45 and 64 years.
- 320(61.66%) households where the householder is over 65 years old.
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Gender
In Chilmark town, the population consists of 763 males (52.26%) and 697 females (47.74%). Here are the primary highlights from the gender-based income distribution analysis:
- In Chilmark town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,614 for males and $36,013 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $43,236 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Chilmark town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,614 for males and $36,013 for females.
- In Chilmark town, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $43,236 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Chilmark town, the population is predominantly White, constituting 89.73% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $112,759.
- In Chilmark town, White is both the largest group and the one with the highest median household income, which stands at $112,759.
- In Chilmark town, the median household income for the households where the householder is White increased by $33,078(41.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,681 in 2011 and $112,759 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Chilmark, Massachusetts median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Chilmark town increased by $14,803 (15.05%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 28,485 (from $95,435 to $123,920). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 20,477 (from $98,386 to $77,909).
- It then further increased to $270,229 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4771, it is evident that income distribution in Chilmark, Massachusetts exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $124,230. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $59,450.
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